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Lizzie asks…
What is an important advantage of a free market?
12. What is an important advantage of a free market?
a. It does not change unless the government directs it.
b. It offers a wide variety of goods and services.
c. It is easy to regulate.
d. It protects the less fortunate.
14. What is the product market?
a. The market in which payments are received for selling products to consumers
b. The market in which income is received for supplying land, labor or capital
c. The market in which firms purchase the factors of production from households
d. The market in which households purchase the goods and services that firms produce
20. What is one benefit provided by Social Security?
a. medical care for the indigent
b. cash transfers to workers injured on the job
c. compensation for all who lose jobs
d. retirement income for the elderly
Larry McCann answers:
Free Market is something that every seller needs. It's an advantage for the sellers to have a free market. Just like www.CleverBuy.com.ph, it's free, it's very advantage on the part of the sellers coz someone or something are driving customers for them with any cost but the disadvantage is that there is a limited access, limitations in the service and limitations in the resources. If we can afford to pay for something then we can demand for something.
Joseph asks…
What should I do if I was cheated by a door-to-door marketing company I worked for over the Summer?
This last Summer I worked for a 'marketing' company that involved selling Comcast products door-to-door. They recruited right out of my college, promising large amounts of easy money. They told us that last Summer, everyone made at least $14,000. They also told us things like we would get 4th of July off, that we would get good area sheets with customer information to make selling door-to-door much easier.
The way they laid it out, is we made $25 a sale; however $5 from every sale would come in a 'back-end' cheque we would receive a month after the end of 'selling season' in the Fall, provided we worked all Summer. We were told that we should easily be making $15,000-$25,000 this Summer. Fair enough, I agreed, as did many of my friends and acquaintances.
A friend of mine was made a 'manager', meaning he made money off every sale all of the people he recruited (including me) made (he had recruited several of my friends also throughout the school year for this job). We started selling in one city, and the area they gave us was so terrible we weren't making any sales, so they moved us, with 2 hours notice, to a completely different city 6 hours away. Once there, they forced us to be combined with anther 'team', and stripped our manager of all the money they promised he would be making from those he recruited for the company. On top of that, they decided to take away their promise for taking him on the 'company cruise' in early January.
The way the system worked, if you made 300 or more sales, you would get a $3,000 bonus. Also, if you only took 3 days off during the Summer, excluding sundays which we had off anyway, you would get an additional $1,000 bonus. THey said we could choose any 3 days we wanted. They also told us we would get 4th of July off, and it wouldn't count as one of our 3 days. A few days before the 4th of July, they realized that a lot of people were going to make the bonus and were willing to work 4th of July, so they decided that 4th of July would no longer be a free day off, but would count as a mandatory day that would count against our 3 days for the bonus. Because of this, a lot of people lost the $1,000, because they already had their 3 days planned out for siblings graduation/weddings/etc.
They also taught us selling techniques that were extremely dishonest and unethical. Basically, the price we were giving the customer was good for one year, and then their price would skyrocket. We were trained that if asked how much it would go up, to act ignorant and say we didn't know, but to play it down and divert their attention away from the issue, even though we knew the exact figure it would increase.
Again, they assured us that we would all make at least $14,000. However, when everyone got over 200 sales for the Summer and were closing in on 300 (the benchmark where the company would give us a $3,000 bonus), they began giving out area sheets that had been covered 2 weeks before, thus making it impossible to make any sales, and preventing almost everyone from making the promised bonus.
The problem was, everyone wanted their back-end cheque, so everyone was forced to keep working, even under the conditions of having area impossible to sell in, using unethical and dishonest selling techniques, having the company go back on their word on how much they would pay certain 'managers', taking away 4th of July and forcing us to count it as a day off so many lost out on bonuses, and with the knowledge that they clearly lied about everyone making a minimum of $14,000 the summer before (which we should have been more wary of the fact not a single person who supposedly sold last year returned to work a second Summer).
My question is, if anyone knows, what can be done in this situation. There are a lot of very unhappy people, and we didn't sign anything about job parameters. The owner of the company is a very high-profile individual who owns a large sports team, and is very prominent in this larger area.
Any advice would be greatly appreciated.
Larry McCann answers:
Make yourselves the maximum possible nuisance to this company, with the goal of extracting a "get out of here" payment. Gather up as many people in the same boat as you as possible. Then inform the company that each and every one of you are going to do the following:
(1) Report them to the state's Attorney General;
(2) File a claim for fraud damages in small claims court;
(3) Report them to the Better Business Bureau;
(4) Pass along your experience to the places where they recruited you (e.g., your college, to make it harder and more expensive for them to find next year's crop of victims).
However, don't expect to win this battle legally. Rather, your goal should be to get a modest settlement from them to make you stop harrassing them -- a couple of thousand dollars maybe.
And please consider this a life lesson for the future. You should have done a much better job of nailing down these details before accepting the assignment.
Mary asks…
How to Determine if You are Being Recruited for a Bogus Job?
Can you think of more items to add to this list?
General List of Tell-Tale & Probable Signs
1.? Before going in the door, you have not been told anything about the job.
2.? Recruitment of other people is stressed as a major function of position.
2a.? You - will have people working, making money for you.
2b.? They - will have people working, making money for them.
2c.? You - will get a cut of the money, from everyone in 2a and 2b.
3.? Initial job expenses will not be taken out of paycheck over time.
3a.? You must pay money up-front to get job.
3b.? Every body gets the job, no standard job application required, just your check.
3c.? You must pay NOW, before the price goes up.
4.? Wealth beyond your imagination will be yours.
4a.? You will make more money working part time than your current full time job.
4b? You will then quit your full time job.
5.? Working hard at this job is not required.
5.? Easy sell – product sells its self.
(Right! …That’s why they need this huge Sales Force.)
6.? Lots of paid vacation time is stressed.
8.? No job skills required, we will teach you all you need to know.
8a.? No State license or permit is required.
8b.? Idiots, dropouts, business CEOs, and rocket scientists have all been successful.
9.? Look at all of us! ? We all got rich! ? You can too! ? Retire young!
10. ? They need more recruits than the US Army.
10a.? Too many people already working this job, for the limited size of product market.
11.? Sell first to friends and relatives, and then sell to their friends and relatives.
11a.? Note:Your friends and relatives do not owe you a living.
11b.? Here is a prospect list of thousands of clients and recruits… it’s the phone book.
12.? You get the notion that the “Smart Folks” are Recruiting… Not selling!
12a? It’s the “Suckers” who are working to sell the product, making the Recruiters rich.
12b? Otherwise there is not a lot of people actually out there selling the product.
Created by: Just Us'ens™
This is my list, I wrote it.
Larry McCann answers:
I think you have them all except maybe the if it is too good to believe don't believe it.
If you are worth $10 nobody is going to pay you $50-100K a year to do almost nothing.
Chris asks…
14 years old, how can i create a business or become an entrepreneur?
I would like to know how, one of limited assets, could prevail over the line that needs to be crossed in order to succeed in owning a business or creating a product. At the current moment I am not in possesion of a product i could put on the market and sell but im planning on being an Alternate Fuels Engineer that finds CLEAN fuels that are easy to make that dont affect the environment.
Larry McCann answers:
Go online and look up some wholesale sock companies.
Send them a check or moneyorder for what you want to order.
Sell them for a profit to your friends and relatives.
Keep doing this.
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